Synchrony Bank Optimizer Plus CD Rates
Synchrony Bank's Optimizer Plus certificates of deposit have very competitive CD rates right now. In fact, for some of Synchrony Bank's CD terms the bank has the best CD rates available. You probably haven't heard of Synchrony Bank since the name is new but don't worry they have been in business for quite awhile.
The new Synchrony Bank was known as GE Capital Retail Bank. Synchrony Bank is part of Synchrony Financial which was recently spun off by General Electric. Before being renamed Synchrony Financial, the division was known as GE Financial, the part of GE that got the conglomerate in financial trouble during the financial crisis. GE has filed plans for an IPO with the SEC to take Synchrony Financial public sometime this year.
Synchrony Bank CD Rates on their 1 year Optimizer Plus CD account has one of the best CD rates available today. Synchrony Bank' 1 year Optimizer Plus CD rate is at 1.09 percent with an APY of 1.10 percent for account balances of at least $25k. Besides having a top 1 year CD rate Synchrony Bank also has one of the highest 5 year rates available. The Bank's 5 year CD rates are currently at 2.25 percent for account balances under $25k and at 2.30 percent for account balances over $25k.
Another banking product offered Synchrony Bank worth mentioning in this review is the bank's promotional 15 month CD account. The current 15 month CD rate is at 1.15 percent with an APY of 1.15 percent. If you're interested in opening a 15 month CD with Synchrony Bank you will need to use the offer code BON12.
Synchrony Bank CD Rates
Balances of $2000 to $14,999
Balances of $15,000 to $24,999
Balances of $25,000 to $49,999
Balances of $50,000 and Higher
Banking & Finance InformationPersonal Finance